SPDR Dow Jones Industrial Average ETF holds a Zacks ETF Rank of 1 (Strong Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. With about 31 holdings, it has more concentrated exposure than peers. The ETF has a beta of 0.93 and standard deviation of 15.87% for the trailing three-year period, making it a medium risk choice in the space. Most ETFs are very transparent products and many disclose their holdings on a daily basis. It has a 12-month trailing dividend yield of 1.87%.ĮTFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund's holdings before investing. They are however likely to underperform growth stocks in strong bull markets.Įxpense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining the same.Īnnual operating expenses for this ETF are 0.16%, making it one of the cheaper products in the space.

Looking at their long-term performance, value stocks have outperformed growth stocks in almost all markets. Value stocks are known for their lower than average price-to-earnings and price-to-book ratios, but investors should also note their lower than average sales and earnings growth rates. Overall, they are usually a stable option, with less risk and more sure-fire cash flows than mid and small cap companies. No cash balance or cash flow is included in the calculation.Large cap companies typically have a market capitalization above $10 billion. Please note all regulatory considerations regarding the presentation of fees must be taken into account.

Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Actual performance may differ significantly from backtested performance. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.

Backtested performance is not an indicator of future actual results.

Disclaimer: The TipRanks Smart Score performance is based on backtested results.

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